Policy nerds don’t like her tax cut - POLITICO

4 hours ago · “Even though middle class tax cuts sound like a good policy for the middle class, in reality it deprives the state of its ability to continue investing in public services which middle …

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Are New York's tax cuts a good policy for the middle class?

“Even though middle class tax cuts sound like a good policy for the middle class, in reality it deprives the state of its ability to continue investing in public services which middle class and working class New Yorkers benefit from the most,” he said. Others worry an economic downturn would pressure Hochul to dip into the state’s reserves. ...

Can you be a political party that demands the wealthy pay taxes?

“You can’t be a political party that talks about demanding the wealthy pay their fair share of taxes and then end up with a bill that gives large tax breaks to many millionaires,” said Sen. Bernie Sanders (I-Vt.). “You can’t do that. The hypocrisy is too strong. It’s bad policy, it’s bad politics.” ...

Is the tax debate going to be a chicken-and-egg debate?

The "big debate over trillions of dollars in tax cuts," Politico notes is "going to be long, slow and messy." Brian Faler, the news outlet's senior tax reporter, emphasizes, "There’s a chicken-and-egg quality to the debate though, because it’s hard to know how much they need to raise when they haven’t decided how much to spend. ...

Why did GOP leaders want a big 2025 tax Dilema?

(Francis Chung/POLITICO via AP Images) | AP DEMS’ BIG 2025 TAX DILEMMA GOP leaders wanted to buoy the base with their 2025 tax agenda, but it had another unintended benefit for them, too: Forcing Democrats to reckon with their looming dilemma over Donald Trump’s expiring tax cuts. ...

Would millionaires see a tax cut?

Most millionaires would see a tax cut under that proposal, according to the Tax Policy Center. “I’m not worried about the perception that we’re doing too much for wealthy people. ...

What did economists warn about tax cuts?

Economists across the ideological spectrum have warned that tax cuts would boost inflationary pressures. On the Oct. 30 edition of CNN’s "State of the Union," Florida Republican Sen. Rick Scott, who heads the Senate GOP’s campaign arm, brushed off the idea that tax cuts and inflation could be linked. ...